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Japan's Aso: Current account imbalance must be addressed via multilateral framework

Japan's Finance Minister Aso believes the current account imbalances must be addressed via a multilateral framework and not the bilateral deals as desired by the US. 

Key quotes (Reuters)

  • Current account imbalance must be addressed by multilateral, not bilateral framework
  • Imbalances must be solved by fixing savings and investment balance, not FX adjustment
  • No plan to resign

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